Long Setup: ABC Correction Completion & Bullish Order Block Reaction
Analysis Overview:
Price has completed a corrective ABC structure, with point B forming after a liquidity sweep below prior lows. This aligns with a strong bullish Order Block (OB) zone, suggesting potential for a reversal.
Key Points:
BOS (Break of Structure) confirms bullish intent after the sweep.
Point B sits inside the demand zone / OB, providing confluence for a buy setup.
Projected target (Point C) aligns with a major supply zone and previous structural highs.
Entry & Targets:
Entry: Near point B after bullish confirmation in the OB zone.
Target: 26.982 (upper supply zone & projected C wave completion).
Stop Loss: 4.266 (below liquidity sweep low).
Risk-to-Reward: Favorable R:R with strong technical confluences.
Notes:
This setup relies on bullish continuation from the demand zone. A clear break and close below 4.266 would invalidate the idea.
Analysis Overview:
Price has completed a corrective ABC structure, with point B forming after a liquidity sweep below prior lows. This aligns with a strong bullish Order Block (OB) zone, suggesting potential for a reversal.
Key Points:
BOS (Break of Structure) confirms bullish intent after the sweep.
Point B sits inside the demand zone / OB, providing confluence for a buy setup.
Projected target (Point C) aligns with a major supply zone and previous structural highs.
Entry & Targets:
Entry: Near point B after bullish confirmation in the OB zone.
Target: 26.982 (upper supply zone & projected C wave completion).
Stop Loss: 4.266 (below liquidity sweep low).
Risk-to-Reward: Favorable R:R with strong technical confluences.
Notes:
This setup relies on bullish continuation from the demand zone. A clear break and close below 4.266 would invalidate the idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.